Why the App Store Illustrates the Beauty of Capitalism
Yes, it’s that time of year. My annual plug of the excellent video by Walter Williams titled “Is Capitalism Moral?”.
An organization called the Business Roundtable has recently released a document calling for the modernization of the business mission. Apple, Amazon, and other corporate CEOs have signed this document. But it’s a big nothing-burger. That’s why they signed it.
The document tries to say that corporations should consider the impact of other long-term stakeholders such as workers and customers instead of simply maximizing shareholder value. They try to make these out as mutually exclusive and almost opposing goals. Here is a little of what they say:
An organization called the Business Roundtable has recently released a document calling for the modernization of the business mission. Apple, Amazon, and other corporate CEOs have signed this document. But it’s a big nothing-burger. That’s why they signed it.
The document tries to say that corporations should consider the impact of other long-term stakeholders such as workers and customers instead of simply maximizing shareholder value. They try to make these out as mutually exclusive and almost opposing goals. Here is a little of what they say:
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